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RushCard

CREDIT CARD REFORM.  Under Obama, abusive credit card companies are no longer protected.  With the final set of provisions of the credit card reforms taking effect in 2010, the deceptive “fine print” of credit card agreements is no more.  Credit card users can opt out of certain terms.  Millions of consumers will have more time to pay their monthly bills, avoid retroactive interest rate increases, receive more notice of changes to credit card terms.  Predatory lending costs American borrowers $25 billion each year, and the poor, African-Americans and Latinos are particularly susceptible to fraudulent practices and higher interest rates.

BET joins the prepaid card bandwagon -- beware!

Ryan Mack
OPINION - The prepaid card is one that doesn't help anyone establish credit, costs far too much for those who have limited budgets...
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BET, NetSpend join to market prepaid payment card

theGrio
WASHINGTON (AP) - BET Networks is entering the exploding business of prepaid cards, partnering with an industry leader in hopes of reaching millions of black Americans who don't use banks...
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Russell Simmons’ Rush Card sues over misleading ads

theGrio
From All Hip Hop-- According to the complaint, AccountNow is taking advantage of the word "Rush" and sending customers to its own website, in some cases trumping the real "Rush Card" display ads on various Internet sites...
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Russell Simmons: RushCard, Occupy Wall Street pose no conflict

theGrio
Music mogul Russell Simmons has emerged as one of the most recognizable figures to throw his weight behind the Occupy Wall Street protests...
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Can 'RushCard' Russell Occupy Wall Street?

Ryan Mack
OPINION - How can we trust Simmons when he continues to promote false, unsubstantiated statistics that claim 60 million people in this country cannot get a bank account and his is the only option we have available?...
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